Thursday, October 08
Lalithaa Jewellery Mart, a Chennai-headquartered jewellery retailer offering gold, silver, and diamond jewellery designed for southern Indian markets, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,700 crore through an initial public offering (IPO).The proposed Rs 1,700 crore IPO comprises a fresh issue of up to Rs 1,200 crore and an offer-for-sale (OFS) of Rs 500 crore by promoter M. Kiran Kumar Jain. The company also plans a reservation for eligible employees with a bidding discount and may undertake a pre-IPO placement of up to 20% of the fresh issue size, which would proportionally reduce the fresh issue.Proceeds from the fresh issue will be primarily deployed towards capital expenditure for setting up new stores i
Silver has emerged as one of the top-performing commodities in 2025, with prices on the Multi Commodity Exchange (MCX) soaring to an all-time high of Rs 1,06,138/kg in the last week. Buoyed by a mix of safe-haven demand, supply disruptions, and booming industrial applications, the white metal continues its upward trajectory, capturing the attention of both investors and analysts alike.This remarkable rally in silver comes amid heightened geopolitical tensions, especially surrounding the Russia-Ukraine conflict, as well as a broader shift toward green technologies that depend heavily on silver inputs.Given the pace of the surge in the white metal, industry experts suggest that this rally in prices is far from over, with bullish forecasts pointing to levels as high as Rs 1,23,000/kg in the c
